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Condensed Statements of Cash Flows
9 Months Ended
Oct. 31, 2018
USD ($)
Operating activities  
Royalties received $ 34,316,372
Interest received 74,962
Expenses paid (1,054,741)
Net cash from operating activities 33,336,593
Investing activities  
Maturities of U.S. Government securities 28,893,900
Sale of U.S. Government securities 99,740
Purchases of U.S. Government securities (37,767,613)
Net cash used for investing activities (8,773,973)
Financing activity  
Distributions to unitholders (24,272,019)
Net change in cash and cash equivalents 290,601
Cash and cash equivalents, beginning of period 314,835
Cash and cash equivalents, end of period 605,436
Reconciliation of net income to net cash from operating activities  
Net income 38,772,365
Increase in accrued income receivable (4,154,875)
Increase in contract asset (1,263,633)
Increase in prepaid expense (40,703)
Increase (decrease) in accrued expenses 23,439
Net cash from operating activities 33,336,593
Non cash financing activity  
Distributions declared and payable $ 12,332,809